P.H. And L.C Jowett Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01995809 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

P.H. AND L.C. JOWETT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Jowett

Mrs L C Jowett

REGISTERED OFFICE:

New Manor Farm

Winterslow

Salisbury

SP5 1SE

REGISTERED NUMBER:

01995809 (England and Wales)

ACCOUNTANTS:

Fawcetts

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

2

177,436

172,849

Investments

3

25

25

177,461

172,874

CURRENT ASSETS

Stocks

240,812

249,396

Debtors

210,036

259,867

Cash at bank and in hand

52,948

44,930

503,796

554,193

CREDITORS

Amounts falling due within one year

214,807

220,152

NET CURRENT ASSETS

288,989

334,041

TOTAL ASSETS LESS CURRENT LIABILITIES

466,450

506,915

CREDITORS

Amounts falling due after more than one year

(175,507

)

(183,598

)

PROVISIONS FOR LIABILITIES

(3,071

)

(3,295

)

NET ASSETS

287,872

320,022

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

287,772

319,922

SHAREHOLDERS' FUNDS

287,872

320,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 April 2015 and were signed on its behalf by:

Mrs L C Jowett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

No depreciation policy

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low

value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the

profit and loss account. The cost of fixed assets is their cost, together with any incidental costs of acquisition.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

208,591

Additions

9,170

At 31 August 2014

217,761

DEPRECIATION

At 1 September 2013

35,742

Charge for year

4,583

At 31 August 2014

40,325

NET BOOK VALUE

At 31 August 2014

177,436

At 31 August 2013

172,849

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2013

and 31 August 2014

25

NET BOOK VALUE

At 31 August 2014

25

At 31 August 2013

25

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100